As a Result of Its Significant Concern with Financial Statement

Multiple Choice

As a result of its significant concern with financial statement fraud, the accounting profession responded in 2002 with:

A) SAS No. 1 - Consideration of Fraud in a Financial Statement Audit.
B) SAS No. 99 - Consideration of Fraud in a Financial Statement Audit.
C) the creation of the Public Company Accounting Oversight Board PCAOB.
D) guidance to overcome the "expectation gap" held by the public.